Mitsubishi UFJ Financial Technical Analysis (NYSE:MTU)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Mitsubishi UFJ Financial stock price data and volume are plotted in MTU stock charts and these trading charts form the basis of technical analysis.
See Mitsubishi UFJ Financial bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Mitsubishi UFJ Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Mitsubishi UFJ Financial Moving Average
Moving averages help predict the price direction of MTU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.54 is above the price of $7.4.
Mitsubishi UFJ Financial Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MTU stock. Currently the stock price of $7.4 is in the lower range of Mitsubishi UFJ Financial bollinger bands.
Mitsubishi UFJ Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Mitsubishi UFJ Financial MACD indicator is below 0 indicating a bearish trend.
Mitsubishi UFJ Financial Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 41.74 is the RSI value of MTU stock.